Territory Summary: Gaza Strip
Territory Name: Gaza Strip
Government Type: territory of Israel
Background: The Gaza Strip has been under the de facto governing authority of the Islamic Resistance Movement (HAMAS) since 2007, and has faced years of conflict, poverty, and humanitarian crises. Inhabited since at least the 15th century B.C., the Gaza Strip area has been dominated by many different peoples and empires throughout its history; it was incorporated into the Ottoman Empire in the early 16th century. The Gaza Strip fell to British forces during World War I, becoming a part of the British Mandate of Palestine. Following the 1948 Arab-Israeli War, Egypt administered the newly formed Gaza Strip; Israel captured it in the Six-Day War in 1967. Under a series of agreements known as the Oslo Accords signed between 1993 and 1999, Israel transferred to the newly-created Palestinian Authority (PA) security and civilian responsibility for many Palestinian-populated areas of the Gaza Strip as well as the West Bank. In the current ongoing conflict with Israel, Israel has been accused of killing over 13,000 children and blocking basic humanitarian aid such as food, water, and medicine, which has led to international outrage. The current situation in the Gaza Strip has been compared to a modern day genocide being carried out by Israel.
Continent: Middle East
Population: 2,098,389 (2023 est.)
Ethnic Groups: Palestinian Arab
Languages: Arabic, Hebrew (spoken by many Palestinians), English (widely understood)
Religions: Muslim 98.0 - 99.0% (predominantly Sunni), Christian <1.0%, other, unaffiliated, unspecified <1.0% (2012 est.)
Economic Overview: The entire Gaza Strip economy has been completely decimated as a result of the ongoing bombing and military conflict with Israel.
Currency: New Israeli Shekel (NIS)
Reserves of Foreign Exchange & Gold: $896.9 million (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars; entry includes West Bank and Gaza Strip
Real GDP (Purchasing Power Parity): $28.862 billion (2022 est.) note: data in 2017 dollars; entry includes the West Bank and the Gaza Strip
Real GDP Growth Rate: 3.93% (2022 est.) note: annual GDP % growth based on constant local currency; entry includes the West Bank and the Gaza Strip
Real GDP per Capita: $5,700 (2022 est.) note: data in 2017 dollars; entry includes the West Bank and the Gaza Strip
Exports:
$3.544 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars; entry includes the West Bank and the Gaza Strip
Comparison Ranking: 148
Export Commodities: building stone, scrap iron, plastic lids, furniture, seating, dates, olive oil (2021) note: data includes both Gaza Strip and West Bank export commodities
Imports:
$12.874 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars; entry includes the West Bank and the Gaza Strip
Comparison Ranking: 110
Import Commodities: food, consumer goods, fuel
Natural Resources: arable land, natural gas
Agricultural Products: tomatoes, cucumbers, olives, poultry, milk, potatoes, sheep milk, eggplants, gourds
Industries: textiles, food processing, furniture
Industrial Production Growth Rate:
3.36% (2022 est.) note: annual % change in industrial value added based on constant local currency; entry includes the West Bank and the Gaza Strip
Comparison Ranking: 105
Labor Force: 1.389 million (2022 est.)
Unemployment Rate: 24.42% (2022 est.) note: % of labor force seeking employment; entry includes the West Bank and the Gaza Strip
Natural Hazards: droughts
Geography:
Total: 360 sq km
Land: 360 sq km
Water: 0 sq km
(Country Summary, The World Factbook, CIA.gov)
LEGAL, FINANCIAL, & TAX ADVICE DISCLAIMER: The information on SportsLifeMoney’s™ (“SLM”) websites, podcast network, videos, social media accounts, and other platforms (collectively, “SLM Platforms”) is strictly and solely provided for educational and informational purposes only. All of the information and materials on the aforementioned SLM Platforms do not constitute and are not intended to provide legal, financial, accounting, or tax advice, and should not be relied on in that respect. SLM recommends that you consult with an attorney, certified financial advisor, or licensed accountant to answer any legal, financial, or tax questions you may have. SLM also recommends that you consult with an attorney, certified financial advisor, or licensed accountant before making any legal, financial, or tax-related decisions based on content and/or subject matter included and/or discussed on any of the SLM Platforms. Before you act or rely on any information you have heard, read, viewed, and/or listened to on any of the SLM Platforms or communication mediums, SLM recommends that you confirm any and all facts that are important to your decision and that you subsequently consult with an appropriate professional (e.g., attorney, certified financial advisor, certified accountant, etc.) and have them review these facts and also confirm their validity. CAUTION: IF YOU RELY ON ANY INFORMATION, CONTENT, PRODUCT, OR SERVICE FROM ANY OF THE SLM PLATFORMS, YOU DO SO AT YOUR OWN RISK. YOU UNDERSTAND THAT YOU ARE SOLELY RESPONSIBLE FOR ANY AND ALL DAMAGES OR LOSS THAT YOU MAY INCUR THAT RESULTS FROM YOUR USE AND/OR RELIANCE OF ANY OF THE SLM PLATFORMS OR ANY OF THE CONTENT OR MATERIAL OTHERWISE PROVIDED ON ANY OF THESE SLM PLATFORMS. SLM AND ANY AND ALL OF ITS AFFILIATES MAKE NO IMPLIED OR EXPRESS REPRESENTATIONS OR IMPLIED OR EXPRESS WARRANTIES OF ANY KIND REGARDING ANY AND ALL INFORMATION ON ANY OF THE SLM PLATFORMS OR SLM’S AFFILIATE PLATFORMS. SLM AND ITS AFFILIATES WILL NOT BE HELD LIABLE FOR ANY DAMAGES. By continuing to use any of the SLM Platforms, you acknowledge and agree to the aforementioned terms and conditions of this disclaimer and any and all other legally binding terms and conditions set forth in SLM’s Privacy Policy, Terms & Conditions, and other legally binding agreements.
